sh-4.1# e2fsck -f -p -v /dev/sda2
/dev/sda2: Superblock last mount time is in the future.
(by less than a day, probably due to the hardware clock being incorrectly set) FIXED.
/dev/sda2: Superblock last write time is in the future.
(by less than a day, probably due to the hardware clock being incorrectly set). FIXED.

The "Making the filesystem usable..." section of /etc/r.d./rc.sysinit mounts a number of pseudo-filesystems:

/proc
/dev/pts
/sys
/dev/shm

If there is a problem mounting one of these, you will see the red "failed" report.

You may find a detailed error message at the beginning of the /tmp/bootsysinit.log file, before the "VERSION UPDATE" line.

Note that because /proc is mounted before output is redirected to that log file, if there was a problem mounting /proc, you would probably see that detailed error message on the console if you have a full installation. For a frugal installation or a live CD, that message might appear on the console, or it might be lost since init in initrd previously redirected output to its own log file which no longer exists (although its contents were copied to /initrd/tmp/bootinit.log).